HALISTER: Rosatom Aims for 20% of U.S. Nuclear Fuel Supply After GE Deal

Rosatom Aims for 20% of U.S. Nuclear Fuel Supply After GE Deal

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GE US (General Electric Co)
2731593Z RU (Rosatom Corp)

People
Energy Resources LLC (Energy Resources LLC)
Kirill Komarov (Rosatom Corp)
Vladimir Putin (Russian Federation)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: *JAZZ PHARMACEUTICALS TO BUY CELATOR FOR $30.25/SHR IN CASH

*JAZZ PHARMACEUTICALS TO BUY CELATOR FOR $30.25/SHR IN CASH

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
CPXX US (Celator Pharmaceuticals Inc)
JAZZ US (Jazz Pharmaceuticals PLC)

People
Bruce Cozadd (Jazz Pharmaceuticals PLC)
Scott Jackson (Celator Pharmaceuticals Inc)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: EU CREDIT DAILY: Buffeting Winds; VW Earnings, IG Ahead, Rio Cut

EU CREDIT DAILY: Buffeting Winds; VW Earnings, IG Ahead, Rio Cut

(Bloomberg) -- While broad underpinnings of credit mkts remain firm, sentiment may be buffeted by a range of macro and geopolitical factors this week, Bloomberg strategist Simon Ballard writes.
  • Volatile swings in Asian equities overnight highlights ongoing susceptibility of risk assets to China growth story
  • Focus on ECB meeting Thurs; no change in rates expected, but new staff forecasts to help gauge inflation pressure going forward
  • Geopolitical tension intensifying in U.K. ahead of June 23 referendum; GBP risk assets may maintain weak bias over coming month although GBP credit returns have been robust ytd (UR00 index +1.2%)
  • Volkswagen earnings today beats expectation; may be positive catalyst for VW spreads as hint at stabilization post emissions scandal
  • Risk Appetite model shows low volatility around U.K. bank holiday
  • CDX IG closed -0.1bps at 76.548 in overnight session; iTraxx Asia Ex Japan IG currently +0.12bps at 140.456
NEWS
  • Corporate News
  • Volkswagen 1Q Profit EU3.44b; Reiterates 2016 Forecast
  • Sun Pharma Falls Most in Two Months After Profit Misses Views
  • Alrosa 1Q Ebitda Jumps 38% Y/y to 59.3b Rubles
  • Financial News
  • Delta Lloyd Starts Van Lanschot Offering to Boost Capital
  • IG Group Sees FY Earnings to Be ‘Slightly’ Ahead of Views
  • Credit Agricole Assurances to Buy 10% of Elis for EU192m
  • PayPal to Halt Turkey Ops on Regulator Refusal of Application
  • ASB Bank Says NZ Credit Growth Raises Risk Rate Cut Is Delayed
  • Credit Rating News
  • Rio de Janeiro Cut to B- From BB- by S&P, Outlook Negative
  • Fitch Removes Zoomlion from Negative Watch, Affirms Ratings
  • S&PGR Affirms BlueScope Steel ’BB’ Rtgs; Otlk Stable
  • S&PGR Affirms And Then Withdraws AGL ’BBB’ Rtg At Co. Request
  • Fitch Affirms Taiwan Power at ’A+’; Outlook Positive
  • Fitch: China Property Rating Downgrades Driven by Divergence
  • Other News
  • Aussie Bond Holdings Cut by Foreigners to Lowest Ratio Since ’09
  • Goldman Sees 70% Chance of China Shares Joining MSCI in June
  • Doors Open to Foreign Banks in Somalia After Half-Century Hiatus
ANALYST VIEWS
  • Focus has been totally around primary and the ECB. We expect the spread markets to show some significant tightening - whatever the ECB decides it feels it can lift from the secondary market: creditmarketdaily.com
NEW ISSUES
  • No New Issues Monday
  • European IG credit pipeline here and HY credit pipeline here
  • Issuers exposed to S-T rollover and interest-rate reset risk here
  • NOTE: Simon Ballard is a credit strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
Leveraged Finance

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Korean Won, Indian Rupee, Ringgit Forwards Most Active on DTCC

Korean Won, Indian Rupee, Ringgit Forwards Most Active on DTCC

(Bloomberg) -- USD/KRW non-deliverable forwards account for 32.8% of total volume today, according to trades reported to DTCC; USD/INR second-most active at 19.8%, USD/MYR third at 16.9%.
  • Notional amounts traded include:
    • $150m of USD/INR at 68.3375; matures Sept. 21
  • Total volume was $10.0b as of 2:56pm HKT; global total yesterday was $15.7b, with USD/BRL accounting for 21.5%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: AUD/USD May Rise to Test 100-DMA if 1Q GDP Beats Est.: Analysis

AUD/USD May Rise to Test 100-DMA if 1Q GDP Beats Est.: Analysis

(Bloomberg) -- AUD/USD may revisit 100-DMA at 0.7350 if 1Q GDP tomorrow beats upwardly-revised forecasts following strong exports data today, writes Bloomberg strategist Michael G Wilson.
  • 1Q GDP probably gained 2.8% y/y vs prev 3.0%, according to median est. of 27 economists surveyed by Bloomberg; range of ests. 2.4% to 3.2%; data due tomorrow at 11:30am local
    • Economists raised their forecasts for 1Q GDP growth to 2.8% y/y and 0.8% q/q from prev. 2.7% and 0.6% resp. following release of higher-than-expected 1Q net exports
  • Rise in corporate credit and building approvals data today may suggest national incomes may turnaround soon
    • Corporate credit climbed 7.4% in April from year ago, the most since Jan. 2009 and outpacing growth in mortgage lending for the first time in 7 yrs
  • China releases May manufacturing PMI shortly before Aust. 1Q GDP is scheduled
    • Data may overshadow Aust. GDP as traders gauge the health of the world’s second largest economy
    • China May manufacturing PMI est. 50.0 vs prev. 50.1
  • NOTE: Michael Wilson is an FX strategist who writes for First Word. The observations he makes are his own.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Record Low Indonesia CPI May Prompt USD/IDR Rally: Analysis

Record Low Indonesia CPI May Prompt USD/IDR Rally: Analysis

(Bloomberg) -- USD/IDR may breach 200-DMA resistance at 13,672 if Indonesia’s inflation data on June 1 is in line with expectations, Bloomberg strategist Andrew Robinson writes.
  • May consumer prices probably rose 3.30% y/y, slowing from 3.60% gain in April, median est. in Bloomberg survey shows
    • That would be the lowest reading on record from data going back to 2010
  • CPI data due tomorrow, no time specified; four of the five releases so far this year have come just after 11am local time
  • Low inflation could provide central bank opportunity to ease policy
    • BI sees room for easing if situation allows, Juda Agung, executive director of monetary policy, said in an interview on Monday
  • On May 19, BI kept benchmark rates unchanged while cutting its 2016 growth target to 5%-5.4% from a prev. forecast of 5.2%-5.6%; it also said it saw inflation at the mid-point of its 2016 target of 3%-5%
  • BI’s next policy meeting is on June 16
  • USD/IDR down 0.2% at 13,618 today
    • Sustained breach of 200-DMA would bring Feb. 3 high of 13,828 into focus
  • NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283